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It had the lessons of Bitcoin and hundreds of dead alt coins. Every time ETH gets used for an app, it takes down/log jams the network. I dont think it will be
by MrEfficiency 8y ago
It had the lessons of Bitcoin and hundreds of dead alt coins.
Every time ETH gets used for an app, it takes down/log jams the network.
I dont think it will be possible to use blockchain to power the web. Slow, unreliable, and expensive.
- blocked_again 8y agoThere were hardly a dozen alt-coins before Ethereum. I mentioned specifically Ethereum because it was Ethereum that introduced a Turing complete virtual machine that allowed people to execute code in Blockchain. Before Ethereum came into the picture people used Blockchain only for storing value. So Ethereum was a game changer and it is only 3 years old. Ethereum developers are currently working hard on making Ethereum more scalable. It cant definitely power the web anytime soon but its getting better and better. Read about Sharding, Plasma, Raiden etc if you are interested.
- MrEfficiency 8y agoThere were hundreds of alt coins before ETH, they were bitcoin copypastes and no one cared. When you start talking about offchain ETH solutions or using multiple ETH systems to scale, you are removing the only thing that provides value from Blockchain - Trust. When an ETH sidechain can get 51% attacked or the entire system is verified through a few centralized locations, you remove the only reason you should use blockchain. I used to drink the ETH koolaid, I now realize blockchain shouldnt be used for apps.
- nradov 8y agoIn software only results count. Working hard on something is meaningless; no one cares.